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Equities research analysts at Piper Jaffray increased their target price on shares of LDR Holding Corp (NASDAQ:LDRH) from $38.00 to $40.00 in a research note issued to investors on Thursday. The firm currently has an “overweight” rating on the stock. Piper Jaffray’s target price would suggest a potential upside of 70.65% from the company’s current price.

Shares of LDR Holding Corp (NASDAQ:LDRH) traded up 9.21% on Thursday, hitting $25.5999. 397,788 shares of the company’s stock traded hands. LDR Holding Corp has a one year low of $17.79 and a one year high of $40.39. The stock has a 50-day moving average of $23.8 and a 200-day moving average of $26.70. The company’s market cap is $652.0 million.

LDR Holding Corp (NASDAQ:LDRH) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.05. The company had revenue of $34.80 million for the quarter, compared to the consensus estimate of $31.14 million. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, analysts predict that LDR Holding Corp will post $-0.51 earnings per share for the current fiscal year.

Separately, analysts at RBC Capital initiated coverage on shares of LDR Holding Corp in a research note on Monday, June 23rd. They set an “outperform” rating and a $34.00 price target on the stock. Five research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $35.50.

LDR Holding Corporation is a global medical device company focused on designing and commercializing novel and surgical technologies for the treatment of patients suffering from spine disorders.

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